Sequoia Financial Advisors LLC Lowers Stake in Invesco S&P 500 Equal Weight ETF $RSP

Sequoia Financial Advisors LLC lowered its holdings in shares of Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) by 5.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,173 shares of the company’s stock after selling 7,852 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Equal Weight ETF were worth $30,250,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RSP. Charis Legacy Partners LLC boosted its position in shares of Invesco S&P 500 Equal Weight ETF by 0.5% in the 2nd quarter. Charis Legacy Partners LLC now owns 10,780 shares of the company’s stock worth $2,294,000 after purchasing an additional 49 shares in the last quarter. Canvas Wealth Advisors LLC increased its position in Invesco S&P 500 Equal Weight ETF by 1.2% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 4,373 shares of the company’s stock valued at $930,000 after buying an additional 50 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 5.5% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 982 shares of the company’s stock valued at $188,000 after buying an additional 51 shares during the last quarter. Ballast Rock Private Wealth LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 0.8% during the first quarter. Ballast Rock Private Wealth LLC now owns 6,800 shares of the company’s stock valued at $1,305,000 after buying an additional 51 shares during the last quarter. Finally, Boston Standard Wealth Management LLC raised its stake in Invesco S&P 500 Equal Weight ETF by 2.7% during the second quarter. Boston Standard Wealth Management LLC now owns 2,012 shares of the company’s stock valued at $431,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 61.18% of the company’s stock.

Invesco S&P 500 Equal Weight ETF Trading Down 1.0%

Invesco S&P 500 Equal Weight ETF stock opened at $214.64 on Thursday. Invesco S&P 500 Equal Weight ETF has a 12 month low of $182.11 and a 12 month high of $223.43. The company has a market capitalization of $97.00 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The business’s fifty day simple moving average is $217.44 and its two-hundred day simple moving average is $207.70.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.